Budget Actual Variance Change % (FAU) Revenue Cash Sales 15 825 11 805 (4020) (25.4) U Credit Sales 11.000 10 875 (125) (1.1) U Total Sales 26 825 22 680 (4145) (15.5) U Less Cost of Goods Sold 13 050 14.700 1650 12.6 U GROSS PROFIT 13 775 7.980 (5 795) (42.1) U Less Other Operating Expenses Wages 3 060 060 1000 32.7 U Advertising 4 075 2998 (1077) (26.4) F Utilities 217 250 33 15.2 U Rent 1045 1500 456 43.5 U Insurance 197 230 33 16.8 U Delivery Expenses 1783 1736 (47) (2.6) F Interest 20 20 Total Operating Expenses 10397 10 794 397 3.8U NET PROFIT/(LOSS) 3378 (2 814) (6.192) (183.3) U Analyse the variance in Gross Profit for the business